Making Money While You Sleep With Stashaway (Robo Advisor)
By Marcus Seetoh - December 12, 2020
1. In summary
- A hands-off approach to invest passively with the someone (advisor) purchasing and auto- balancing your portfolio on your behalf. All you need is to top up money and set your goals & parameters to begin.
2. Competitive Advantage
- Stashaway highlights the use of ERAA® (Economic Regime-based Asset Allocation)
- An all weather investment framework to diversify your investments into clusters of stocks, bonds, commodity, real estate mainly in the US, China markets etc.
3. How was it so far?
- I have been using Stashaway, a robo-advisor for more than a year.
- The returns are good and I have never lost money using this application.
- I opened 5 different projects / portfolios to try the different risk levels and to figure out what were the best ways to generate the highest returns. Since then I have cashed out on 4 and now I keeping the remaining 1.
- Have tried the Stashaway Simple (cash management) as well but the returns are slightly more towards the conservative side (1.4% P.A.) which was not really I was looking for.
4. Pros
- Can start investing as low as 50 SGD (*that's how I first started haha. But of course there are cons for doing this too).
- Returns higher than your bank savings account (0.05% P.A.) or Singapore Savings Bonds
- Both desktop and mobile version. Mobile user interface is awesome!
- Top up via Paynow, so convenient!
- Hands off passive approach to investing
- For those with limited investing knowledge and just starting out (One of the best place to start learning how investing works)
- Portfolio has auto-rebalancing logic which will be taken care by the advisor
- All you need to do is to top up money inside and let the magic happens hahahah 😀
- Using your Supplementary Retirement Scheme (SRS) to fund for eg. Stashaway Simple (A higher level investing strategy)
5. Cons
- Returns is slower and lower compared to individual growth stock purchase.
- Pay monthly management fee (nothing is free and they help to balance your portfolio😁)
- Funds invested are park in a custodian account which is not under your ownership. So regardless of what the company says, exercise due diligence in the total amount to top up here.
6. My Strategy: Dollar Cost Averaging (DCA).
- I have tried monthly DCA, weekly DCA and even every alternate day DCA just to see how the returns will be impacted.
- At the beginning I was unsure of how to invest so I tried both ways of putting 10% (bond like) and 36% (stock like) for risk allocation.
- In the end, the 36% risk allocation returns were far more superior such that I decided to cash out on my 10% risk allocation project and just focus on this.
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| 36% Risk |
7. My Projects
1st: cash out in 9 months, returns 1.89% (cannot remember risk allocation)
2nd: cash out in 5 months, returns 2.59% (cannot remember risk allocation)
3rd: cash out in 11 months, returns 1.85% (10% risk allocation)
4th: Stashaway Simple cash out in 8 months, returns 0.71%
5th: 7 months till present, returns 10.31% 😍(36% risk allocation). This one I would do weekly DCA. You can see the multiple small 'staircases' which represents the top up intervals.
Maybe Covid19 situation is an opportunity to invest. I plan to hold and invest in the mid term about 2 to 3 years minimally.
I didnt see the point of putting in 10% risk allocation after trying different methods. If we want to use robo-advisor to invest, we should bear some risk and go all the way highest risk for highest return kind of mindset in my opinion.
A screenshot to show you that it is possible to make money if you learn the right way and know how to do this.
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| 5th Project |
8. User Experience:
Top up: ★★★★★
Sign up: ★★★★★
Easy of use, UI: ★★★★★
Effort to manage: ★✰✰✰✰
Fees: ★✰✰✰✰
Control of portfolio: ★✰✰✰✰
9. Referral Code:
If you have not signed up yet, can use my referral code 😆 to get up to 10K SGD, first
6 months management fee wavier upon topping up (excludes Stashaway Simple)
https://www.stashaway.sg/referrals/marcusswm
Regardless of my project performances, please do your homework and know what are the likely risks, whether you are comfortable before topping up cash to invest.
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